HCL Tech Reports 1.5% Rise in Q4 Net Profit

Written By:
Subscribe to GoodReturns

HCL Technologies reported a net profit of Rs 2,227 crore for the fourth quarter of 2017-18 in a stock exchange filing on Wednesday. The profit is up by 1.5 percent compared to Rs 2,194 crore in the previous quarter ended December 2017. The shares of HCL Tech fell as much as 5 percent in opening trade to Rs 1,000.05 (NSE), check the latest price here.

The sales in dollar terms were up by 2.5 percent to $2,038 million whereas earnings before interest and tax (EBIT) rose 2.9 percent to Rs 2,583 crore. EBIT margins have remained unchanged at 19.6 percent.

HCL Tech Reports 1.5% Rise in Q4 Net Profit

The manufacturing segment was the highest contributor at 34.6 percent of overall revenue but lower than the 36.5 percent contribution last quarter. HCL Tech's revenue from telecommunications and media services increased to 8.4 percent compared to 7.4 percent.

Year-on-year (YoY)

The IT firm's YoY consolidated net profit was however down by 4.3 percent from Rs 2,325 crore in March 2017. EBITDA margin grew by 100 bps to 35 percent from 33.7 percent the fourth quarter in the previous year.

HCL Tech's YoY consolidated net profit was down by 9.9 percent. Consolidated net sales rose by 9.3 percent to Rs 13,179 crore compared to Rs 12,053 in the quarter ended March 2017.

Read more about: hcl hcl technologies
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Find IFSC

We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more